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On March 25, Parscale Company purchases the rights to a mineral interest for $9,525,500. At that time, the remaining recoverable units in the mineral interest

On March 25, Parscale Company purchases the rights to a mineral interest for $9,525,500. At that time, the remaining recoverable units in the mineral interest are estimated to be 931,300 tons.

If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar.

If 838,170 tons are mined and 139,695 tons are sold this year, calculate Parscale's cost depletion for the year.

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